CombuCo: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CombuCo
Largest movements
- Receivables within one year +€83,181
up €83,181 (+70.6%), from €117,894 to €201,075
of which Trade receivables: +€85,832
- Cash +€12,710
up €12,710 (+36.1%), from €35,241 to €47,951
mainly Net result for the year (+€98,574) and Other debts (+€71,037)
- Other debts +€71,037
up €71,037 (+187.7%), from €37,837 to €108,874
- Tax, wage and social debts +€34,479
up €34,479 (+1167.5%), from €2,953 to €37,432
- Reserves -€29,514
down €29,514 (-100.0%), from €29,514 to €0
- Trade debts +€14,428
up €14,428 (+19.6%), from €73,671 to €88,099
- Accrued charges and deferred income +€5,239
new in 2025: €5,239
- Gross operating margin +€104,586
up €104,586 (+305.4%), from €34,246 to €138,833
- Taxes +€23,513
up €23,513 (+222.0%), from €10,594 to €34,107
- Write-downs +€3,471
new in 2025: €3,471
- Other operating charges -€1,751
down €1,751 (-51.5%), from €3,401 to €1,650
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,976 | €251,644 | +€95,668 | +61.3% |
| Fixed assets | 21/28 | €1,959 | €2,450 | +€492 | +25.1% |
| Tangible fixed assets | 22/27 | €1,959 | €2,450 | +€492 | +25.1% |
| Plant, machinery and equipment | 23 | €298 | €218 | -€80 | -26.8% |
| Furniture and vehicles | 24 | €1,660 | €2,232 | +€571 | +34.4% |
| Current assets | 29/58 | €154,017 | €249,194 | +€95,177 | +61.8% |
| Amounts receivable within one year | 40/41 | €117,894 | €201,075 | +€83,181 | +70.6% |
| Trade receivables | 40 | €106,165 | €191,996 | +€85,832 | +80.8% |
| Other amounts receivable | 41 | €11,730 | €9,079 | -€2,651 | -22.6% |
| Cash at bank and in hand | 54/58 | €35,241 | €47,951 | +€12,710 | +36.1% |
| Deferred charges and accrued income | 490/1 | €882 | €168 | -€714 | -80.9% |
| Total equity and liabilities | 10/49 | €155,976 | €251,644 | +€95,668 | +61.3% |
| Equity | 10/15 | €41,514 | €12,000 | -€29,514 | -71.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €29,514 | €0 | -€29,514 | -100.0% |
| Distributable reserves | 133 | €29,514 | €0 | -€29,514 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,462 | €239,644 | +€125,182 | +109.4% |
| Amounts payable within one year | 42/48 | €114,462 | €234,405 | +€119,944 | +104.8% |
| Trade debts | 44 | €73,671 | €88,099 | +€14,428 | +19.6% |
| Suppliers | 440/4 | €73,671 | €88,099 | +€14,428 | +19.6% |
| Taxes, remuneration and social security | 45 | €2,953 | €37,432 | +€34,479 | +1167.5% |
| Taxes | 450/3 | €2,953 | €37,432 | +€34,479 | +1167.5% |
| Other amounts payable | 47/48 | €37,837 | €108,874 | +€71,037 | +187.7% |
| Accrued charges and deferred income | 492/3 | - | €5,239 | +€5,239 | |
| Remuneration, social security and pensions | 62 | €69 | - | -€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,367 | €1,989 | -€378 | -16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,471 | +€3,471 | |
| Other operating charges | 640/8 | €3,401 | €1,650 | -€1,751 | -51.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €34,246 | €138,833 | +€104,586 | +305.4% |
| Operating profit (loss) | 9901 | €28,410 | €131,723 | +€103,313 | +363.7% |
| Financial income | 75/76B | €1,731 | €1,473 | -€258 | -14.9% |
| Recurring financial income | 75 | €1,731 | €1,473 | -€258 | -14.9% |
| Financial charges | 65/66B | €1,046 | €516 | -€531 | -50.7% |
| Recurring financial charges | 65 | €1,046 | €516 | -€531 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €29,094 | €132,680 | +€103,586 | +356.0% |
| Income taxes | 67/77 | €10,594 | €34,107 | +€23,513 | +222.0% |
| Profit (loss) for the period | 9904 | €18,501 | €98,574 | +€80,073 | +432.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,501 | €98,574 | +€80,073 | +432.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.